Foreign carriers to pick up staff from cash-strapped SpiceJet.
'I used to tell my wife to pack extra food in my tiffin so that I could at least offer that to my colleagues who were living on vada pav.'
Tata Sons and Singapore Airlines (SIA), which recently received a no-objection certificate from the ministry of civil aviation to start a full-service airline (Tata-SIA Airlines), are in the process of securing an import licence for 20 Airbus A320 aircraft.
The conglomerate, which has received environmental clearance for the project, plans to invest around Rs 1,500 crore in it.
'Indian aviation is having a lesser number of aircraft.' 'Besides the Boeing 737 MAX, you have the A320Neos which Indigo is currently grappling with because of a lack of pilots.' 'This has led to cancellation (of flights) and therefore the prices of air tickets are on the higher side this season although generally in March ticket prices are on the lower side.'
Clearly, he is in the right place, at the right time.
Admiral Puri says it would be wasteful to buy a foreign helicopter, pay for transfer of technology, and develop manufacturing capability in an Indian private sector strategic partner when all this already exists with HAL.
'Now we will have real employees as the owner of the airline.'
Availability of Wi-Fi is also expected to provide local airlines an additional source of revenues amid stiff competition in the fast growing Indian aviation market.
Airline pares capacity on routes like Mumbai-Delhi and Mumbai-Bengaluru on weekends, uses freed up slot at Mumbai to fly Amritsar, Patna, Varanasi
According to Mumbai International Airport Limited spokesperson, the airport handled 3.04 million passengers in October and 3.15 million passengers in May. In December 2013, 2.9 million passengers passed through the Mumbai airport.
IndiGo is arguably more a financial services company than airline.
Theresa May's visit to a Bengaluru aerospace systems supplier is seen as the UK's strategy to pursue new defence deals.
Vistara will have to face stiff competition from Jet Airways, AirAsia
Tata's Vistara has a very strong core team to look into daily operations.
'Make in India' will be central to Mr Modi's visit to Europe and Canada. It is difficult to predict what will happen with the Rafale deal, but if it goes through, it will undoubtedly become the 'Mother' of all 'Make in India' projects,' says Claude Arpi.
Vistara has poor load factors currently, it needs to bring down fares a bit to improve flight occupancy.
There are about 400 unused airports and airstrips across the country.
Jet has about 1,200 pilots operating Airbus, Boeing and ATR aircraft.
The only two truly successful private airlines in India - Jet Airways and IndiGo - have been set up and run by people who knew the ins and outs of the trade well before they took to the skies.
The deal is estimated to be worth Rs 12,000 crore.
Suspense continued on Tuesday over whether the issue of Rafale fighter deal, which has been stuck over cost, will figure in talks that Prime Minister Narendra Modi will have with French President Francois Hollande during his visit beginning on Thursday.
We get tangled up in our own crooked web on purchases, and the murky arms bazaar knows it, says Shekhar Gupta.
For his 60th birthday in December, which he called his third 20th birthday, Mallya flew in Enrique Iglesias to perform at his villa overlooking the beach in Goa.
'Narendra Modi knows how to calculate and remain pragmatic. Take the unexpected Rafale deal - perhaps the first time a PM has considered the country's defence procurement as a priority, over the considerations of the babus... and over his own pet project 'Make in India',' says Claude Arpi.
Move is aimed at bringing private operators to run airports.
But its sales pitch will remain muted till India opens up more seats on the route
Prime Minister Narendra Modi on Sunday thanked France and wrapped up his first visit to Paris that saw the two nations elevate their strategic ties to a new level as they agreed on a deal for 36 Rafale fighter jets and decided to move ahead with the log-jammed Jaitapur nuclear project.
The airline re-built the flight schedule and refunded passengers.
Sensex in green in afternoon trade.
How will the navy's six Scorpenes fight, when their primary weapon -- the Black Shark torpedo -- is blocked by a ministry of defence ban on the company chosen to supply these? This gloomy scenario provides a heaven-sent opportunity to revisit the navy's torpedo purchase plan, handled without strategic vision and economic foresight.
Vistara is trying to be leaner and meaner, while staying focused on the original brand promise; it aims to be profitable by FY21. Arindam Majumder reports.
Suspected floating debris of the Malaysian jet may have sunk in a remote part of southern Indian Ocean as a multination team failed to spot them, dashing hopes of a breakthrough in locating the aircraft which mysteriously disappeared two weeks ago.
'Narendra Modi is a beginner on the national scene. Intelligence and security will be new for him on a national scale. He will succeed if he crosses the bureaucratic barriers. If he entangles himself in these barriers, then I highly doubt he will succeed,' former R&AW agent R K Yadav tells Rediff.com's Vicky Nanjappa.
As his personal wealth started booming, Mallya went on a buying spree.
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